Brian, 27, and Alfred, 30, are the founders of Frank Capital Partners, a Parsippany money manager. Their Frank Value Fund turns five years old next month.

Frank Capital Partners has $6 million under management, including $1 million invested in the fund (FRNKX), which is mostly in stocks. The no-load fund is rated four stars by Morningstar and has a year-to-date return of more than 20 percent.

Morningstar ranked the fund in the top 14 percent of its category for the past three years. Lipper gave it a top ranking for total return and consistent return.

Brian Frank gave Your Business his view of how to make money during a recession:

Q: Where do you find value in this market?

A: An example of a small name is the holding company of 1-800-PETMEDS, and a larger name is Cisco Systems. Instead of paying out a dividend, most companies are stockpiling cash to weather the recession. That said, one of our holdings, Microsoft, has about a 2.3 percent dividend. This is similar to the yield on a U.S. Treasury bill, while Microsoft has a much better balance sheet than Uncle Sam. Plus, dividend yields, as well as stock prices can appreciate, unlike Treasurys.

Q: Are you more weighted toward stocks or bonds right now?

A: There are amazing bargains for safe companies, and with the government printing and spending money at a breakneck pace, we believe inflation will destroy returns on bonds in the near future. Companies, however, can raise prices with inflation, offering some protection against a weakening dollar. Additionally, many of our holdings do business overseas and in other currencies.

Q: How did you achieve your performance?

A: We remained invested throughout the bear market and selectively bought the best companies when their prices were unfairly slashed with all the rest.

Q: What kind of return can investors expect from the stock market in the next few years?

A: We have the best fundamentals in our portfolio in our history. This makes us quite optimistic for future returns. Timing returns is impossible, and we recommend investors in the stock market to have at least a five-year time horizon.

Q: Many people are afraid to go back in after losing so much. Why should they?

A: There were two types of losses investors experienced last year -- paper and permanent. Stockholders of banks that blew up experienced permanent loss. Those companies are gone forever. Some stocks we bought in 2008 are showing a paper loss, but these companies lost competitors to bankruptcy, have little to no debt and a No. 1 market position.

Q: Bankers say a lot of money is on the sidelines in money-markets and CDs. What's wrong with safeguarding your principal?

A: Inflation could negate any gains you make in fixed income. With yields so low, Warren Buffett called the bubble in U.S. Treasurys worse than the 1999 bubble in technology stocks. Furthermore, by staying on the sidelines, you miss all the early gains of a new bull market. We acknowledge the importance of having some liquid assets, but money you are saving for a longer-term goal is much better served by being in stocks. Five years from now the bear market of 2008 will be remembered as the best opportunity to buy stocks in decades.

Q: Is there a way to get more pop out of a bond portfolio?

A: For our retired private clients who need regular income, in addition to their equity position with us, we are purchasing Treasury Inflation Protected Securities, or TIPS. These bonds are just as safe as regular Treasurys, but they offer inflation protection as well. The yields on government bonds are quite low, but if you are forced to maintain large liquidity, we believe you must protect your fixed income investments from impending inflation.